Stock futures added to gains after the government reported the U.S. economy created a less-than-expected 157,000 jobs in January but added more the prior two months than initially thought.

The unemployment rate edged up 0.1% to 7.9%.

Up more than 70 points before the Labor Department’s report, futures on the Dow Jones Industrial Average
US:DJH3
rose 111 points, or 0.8%, to 13,908, while S&P 500 Index futures
US:SPH3
gained 7.9 points, or 0.5%, to 1,501.20.

Are TVs too big?

(1:58)

With stores like Cosco now offering 80-inch televisions, are consumers going for wow-factor TVs that don't actually enhance their viewing experience?

Michael Dell Chairman and CEO of Dell Inc. arrives at the launch event of Windows 8 operating system in New York, October 25, 2012.

The Dow
DJIA, -1.11%
rose 5.8% for the month, its strongest January since 1994 and its biggest monthly gain since October 2011. The S&P 500
SPX, -0.88%
scored its biggest January advance since 1997 with a 5% gain, while the Nasdaq Composite
COMP, -0.94%
posted a 4% rise for the month.

Shares of computer maker Dell Inc.
US:DELL
rose 4.8% in premarket trading. The company is close to an agreement to sell itself to a consortium led by founder and Chief Executive Michael Dell and private equity group Silver Lake Partners, Reuters reported Friday. The report said an announcement could come as soon as Monday. See: Dell buyout could come as soon as Monday: report.

European stocks traded higher as a final round of January purchasing-managers’ index readings indicated the region’s manufacturing contracted at its slowest pace in 11 months. That has boosted expectations the euro-zone economic downturn has at least bottomed. See: Most Europe stocks up ahead of U.S. payrolls.

The Netherlands on Friday nationalized SNS Reaal bank after unsuccessful talks with private investors about a capital boost failed. The Dutch government moved to limit the cost to taxpayers, ordering Dutch banks to pay a one-time levy of 1 billion euros ($1.36 billion) in 2014. See: ING welcomes Dutch-based SNS Reaal nationalization.

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